Track the real-time hot spots in the cryptocurrency circle and seize the best trading opportunities. Today is Monday, November 18, 2024. I am Wang Yibo! Good morning, all cryptocurrency friends. ☀Iron fans check in👍Like and make a fortune🍗🍗🌹🌹
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At present, the market panic index has been soaring, and it is extremely panic and greedy. Frequent liquidation, the amount of liquidation in the past 24 hours reached 298 million US dollars, of which 193 million US dollars were long orders, mainly long orders. In the bull market, we have entered the adjustment cycle. The only thing we can do is to wait patiently, pay less attention to the technical side and learn more about the news side. Because of the recent volatility, everyone must not be too aggressive in operation, let alone get excited, and must be calm! The recent price trend reflects the complex interaction between the strategy of long-term holders and market sentiment. The current market dynamics show that the maturity of Bitcoin investors is increasing, which may affect the future trend of cryptocurrencies.
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Bitcoin was under pressure for the second time at 92,000 yesterday. Although bulls were not suppressed temporarily due to the weekend, it is still memorable. After all, this is a historic moment for Bitcoin. Bitcoin fell back to 78,473 at the beginning of the week and rose to 93,265 during the week. It is still hovering and fluctuating at a high level without a substantial correction. Combined with the daily chart, there is a need for correction. In the short term, it may have to fall back partially. The previous high point is used as a defensive point for consolidation. In the short term, try to short and look for a retracement. Pay attention to the support of the rising trend line around 88,000 below. It is close to the support to see whether it will stabilize or break. The short-term is currently in a correction or consolidation correction. Short-term operations are combined with the hourly chart pattern to determine the interval high and low, and continue to treat it with a shock mindset. If it breaks, adjust the mindset. From the four-hour chart, yesterday was accompanied by repeated highs and falls, but the highs at the end of the trading session still recovered and fluctuated within the range. At present, the upper rail is still suppressed. Today, we still focus on the high point of 92,000. If there is no strong breakthrough, there is still reason to fight for short-term operations at high levels. The short-term support below is around 88,000. Keep the support of the low point of the decline and continue to trade low. The base market fluctuates greatly, and the target is combined with the form to respond flexibly. The short-term thinking in the morning is treated as a shock, and continue to participate in the high and low multiplication around the range to avoid repeated sawing!
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